The Philippine economy slowed in the second-quarter amid soaring consumer prices that weakened demand from both businesses and households, the government reported on Tuesday, Aug. 9. Based on the Philippine Statistics Authority (PSA) data, the country’s economy, as measured by the gross domestic...
Vice President-elect and Davao City Mayor Sara Duterte on Wednesday, June 8, commended China’s role in the Philippines’ recovery efforts especially during the Covid-19 pandemic that battered most sectors and industries. Vice President-elect Sara Duterte (Photo from Lakas-CMD Media) In a speech...
The country’s gross domestic product (GDP) grew by 8.3 percent in the first quarter of 2022, higher than the 7.8 percent growth achieved in the fourth quarter of the previous year, and a significant reversal of the 3.8 percent decline a year ago. According to Socioeconomic Planning Secretary Karl...
Gabriela Women’s Partylist, on Saturday, May 14, slammed a report on the apparent 8.3 percent growth of the Philippine gross domestic product (GDP) in the first quarter of 2022. (Gabriela Women's Partylist / Facebook) An increasing GDP indicates that a country’s economy is growing. However,...
The board of directors of Ayala-led ACEN Corporation has approved the company’s plan to secure additional P6 billion loan for the programmed projects that will underpin its targeted portfolio growth. The company has not given details yet on the loan procurement, including the banks that shall be...
WASHINGTON, United States -- That's one small pot of soil, one giant leap for man's knowledge of space agriculture: scientists have for the first time grown plants in lunar soil brought back by astronauts in the Apollo program. This University of Florida, Institute of Food and Agricultural Sciences...
President Duterte thinks that Filipino couples should only have up to three children as he cited the need for the government to "expand" to respond to the country's population growth. President Duterte (Photo courtesy of Malacañang) Duterte made this statement after he inaugurated the new Dr....
The booming skyline of Iloilo City. (Photo courtesy of Tara Yap/Manila Bulletin) ILOILO CITY – The Western Visayas region has posted a 5.9 percent growth in 2021 in a remarkable rebound since business in the country and rest of the world suffered after the declaration of pandemic in early 2020....
Owners of small and medium-sized enterprises (SME) are optimistic about the future of the domestic economy as well as business growth prospects, as they plan to expand this year despite the prolonged pandemic, a recent study revealed. Based on the Sun Life Business Growth and Resilience Index...
SPEAKING OUT Ignacio R. Bunye Bank of the Philippine Islands (BPI) continues to get excellent reviews from financial analysts. This was reported by Ma. Theresa Marcial, BPI Chief Financial and Sustainability Officer to the BPI board recently. CLSA, UBS, Bank of America and First Metro recently...
Malacañang has urged financial and media company Bloomberg to look at a country's economic growth when measuring resilience as this was supposedly the best indicator of resilience amid the coronavirus (COVID-19) pandemic. Cabinet Secretary Karlo Nograles (Photo from The Cabinet Secretariat...
Malacañang said that the Philippine economy continues to beat expectations following reports of the economy's growth during the last quarter of 2021. (FILE PHOTO) Cabinet Secretary Karlo Nograles made the statement after it was reported that the country's economy grew 7.7 percent in the fourth...
